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Daily G.K. - Top Stories

18 Aug 2017

INTERNATIONAL AFFAIRS

Saudi Reopens Qatar Border

  • Saudi Arabia announced that it is reopening its border with Qatar to allow Qataris to attend the haj, despite a months-long rift between Doha and four Arab countries led by Saudi Arabia.
  • The decision came after Saudi Crown Prince Mohammed bin Salman held a surprise meeting with Sheikh Abdullah Al Thani, a Qatari royal family member whose branch of the family was ousted in a palace coup in 1972.

Terror Rocks Spain

  • At least 20 people were killed and over 100 injured in two separate incidents of car rampage in Spain.
  • In the first incident, a van ploughed into crowds on the most popular street of Barcelona in broad daylight.
  • Hours after the first incident another car rammed into people in the Spanish seaside resort of Cambrils.
  • The Islamic State group has claimed responsibility of the first attack.
  • The international community has condemned the attacks with several leaders tweeting in support of the Barcelona victims.

US Forces to Stay in Syria

  • Washington's main Syrian ally in the fight against Islamic State said that the U.S. military will remain in northern Syria long after the jihadists are defeated, predicting enduring ties with the Kurdish-dominated region.
  • The U.S.-led coalition against Islamic State has deployed forces at several locations in northern Syria, including an airbase near the town of Kobani. It has supported the Syrian Democratic Forces (SDF) with air strikes, artillery, and Special Forces on the ground.
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ENVIRONMENT

East Antarctic Ice Sheet

  • A new study validates that the central core of the East Antarctic ice sheet should remain stable even if the West Antarctic ice sheet melts.
  • According to Kathy Licht, if the East Antarctic ice sheet, which is 10 times larger than the western ice sheet, melted completely, it would cause sea levels worldwide to rise almost 200 feet.
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BUSINESS AND ECONOMY

PNB and HDFC Bank cut Interest Rate

  • PNB, HDFC Bank slashed interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits up to Rs. 50 lakh.
  • Punjab National Bank (PNB) has also reduced interest rates on fixed deposits of less than Rs. 1 crore by 15-40 basis points on select maturities.
  • HDFC Bank became the fifth while PNB sixth lender after SBI to cut interest rate on savings bank account.

Raymond Buys Ansell’s Stake

  • Raymond Group has acquired Ansell’s 50% stake stake in J. K. Ansell Pvt. Ltd., a joint venture that owns the KamaSutra brand of condoms, for Rs. 19.3 crore.
  • With this transaction, the sexual wellness and personal care business will continue to remain in J.K. Ansell which will become a wholly owned subsidiary of J. K. Investo Trade (India) Limited (“JKIT”).
  • Raymond announced the formation of its FMCG group last year with a vision to be a player of choice amongst the new India, offering premium products for personal and home care categories.

India Ahead of China

  • As per a report by CBRE South Asia, India has surpassed China in the global Retail Development Index in 2017, indicating growing prominence of the country as a preferred retail destination for global brands.
  • International brands already present in India also expanded their presence.
  • The brands which opened their first store in India during H1 include Kate Spade, Scotch & Soda, Pandora and Selected Homme while those who expanded operations were H&M, Jack & Jones, US Polo, Taco Bell and Forever 21, among others.
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SPORTS

2017 FIFA Awards

  • As predicted the duopoly of Cristiano Ronaldo and Lionel Messi continued to dominate the shortlisted list for world's best footballer award.
  • The FIFA announced a 24-strong list today for its 'The Best FIFA Men`s Player' award.
  • This is the second edition of the annual 'The Best FIFA Football Awards' events, after FIFA last year opted to go solo in awarding the best player after ending its six-year collaboration with magazine France Football.
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NATIONAL AFFAIRS

BJP Leads Parties in Receiving Funds

  • According to a report by the Association for Democratic Reform, the Bharatiya Janata Party received Rs. 705 crore donation in four years, with major chunk of it coming from corporate/business houses.
  • As per an analysis of Donations from Corporates and Business Houses to National Parties - FY 2012-13 to 2015-16, out of the five national parties, BJP received the maximum donations of Rs. 705.81 crore from 2987 corporate donors followed by the Congress which received a total contribution of Rs. 198.16 crore from 167 corporate donors.

West Bengal Civic Polls

  • The ruling Trinamool Congress swept the municipal elections in West Bengal capturing all the seven civic bodies.
  • The BJP emerged as the main challenger finishing second relegating the Left to the third position.
  • Of a total 148 wards in the seven civic bodies which went to polls earlier this month, the TMC bagged 140 while the BJP got six seats.

Army to Get Apache AH-64E

  • The Defence Acquisition Council cleared a proposal to buy six Apache attack helicopters for the Indian Army.
  • The AH-64E Apache, considered to be one of the most advanced multi-role combat helicopters, will come with associated equipment including spares, training and ammunition.
  • The AH-64 Apache is an American four-blade, twin-turboshaft attack helicopter.
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